Look where 100 years under the Fed has gotten us

Published 11:27 pm, Monday, January 6, 2014

On Dec. 23, 1913, at about 6 o'clock in the evening, President Woodrow Wilson, surrounded by Democratic leaders of Congress, signed into law the Federal Reserve Act. It was hailed by the newspapers as Wilson's Christmas gift to the nation and considered "one of the most important domestic acts in the nation's history." Bankers were given the awesome responsibility to create and control the nation's money supply.

The Reserve System has been very destructive to our monetary, economic, political, social and environmental systems. For the past 100 years, we have been on a wild economic roller-coaster ride (boom/bust cycles), the nation has experienced 12 serious national downturns, two of them being potentially nation changers -- the 1929 to 1941 Great Depression, and the present mega economic collapse that started at the end of 2007 with no end in sight.

Our government leaders have done nothing to rectify or eliminate the Federal Reserve System, and that also includes a formidable list of other problems they have done little to help resolve, such as, global climate change, monitoring radioactivity effects from Fukushima Daiichi, overreach of corporate power, destruction of the environment, etc.

Before a productive change can begin, we need to change the way we view the world, a paradigm shift. We are living in a great experiment here on Earth. Can the human species with all its petty faults survive on this extraordinary planet? Can we adjust, can we rise above our self-interests, or shall we go the way of the Dodo bird into extinction?